London close: US budget impasse continues to knock investor sentiment
7th Oct 2013 17:15
Stocks bounced off their lows on Monday but still finished firmly in the red as the US government shutdown extended into its second week with politicians continuing to wrangle over the budget and impending debt ceiling. The FTSE 100 in London finished 16.6 points lower at 6,437.28, rallying in aft
Read moreFTSE 250 movers: Supergroup hit by Burberry comments
7th Oct 2013 16:03
Supergroup shares took a significant hit after luxury brand Burberry's Chief Executive Officer Angela Ahrendts told French newspaper Les Echos that the slowdown in China may be more than temporary; in fact, it could be the new reality. SuperGroup said back in July that China represents an "exciting
Read moreLondon midday: US budget impasse weighs heavily on stocks
7th Oct 2013 11:22
Markets started the new week on a dull note with the FTSE 100 dropping sharply on Monday morning in light of the ongoing government shutdown Stateside. US stock futures were also heading in the same direction ahead of the opening bell on Wall Street given that an absence of economic data from acros
Read moreLondon open: M&S, Burberry lead FTSE 100 lower as US shutdown persists
7th Oct 2013 08:29
An ongoing government shutdown Stateside continued to weigh on market sentiment on Monday with London's FTSE 100 registering losses in morning trade. US lawmakers failed to reach an agreement on either the budget or the debt-ceiling over the weekend, heightening fears that the US could run out of t
Read moreMonday broker round-up UPDATE
7th Oct 2013 07:58
Abcam: Investec raises target price from 504p to 552p and retains a buy recommendation. Britvic: Nomura raises target price from 630p to 680p maintaining its buy recommendation. Cranswick: Panmure Gordon reduces target price from 1200p to 1140p and maintains a hold recommendation. First Group: Je
Read moreLondon pre-open: FTSE to decline as US crisis rumbles on
7th Oct 2013 07:30
City sources predict the FTSE 100 will open around 23 points lower than Friday's close of 6,453.88, as Congressional leaders on Capitol Hill failed to come to a resolution over the budget crisis during the weekend. In remarks made behind closed dooors the speaker of The United States House of Repres
Read moreCranswick brings home the bacon in half year results
7th Oct 2013 07:04
UK food producer Cranswick brought home the bacon in the last half as total sales rose 15 per cent, driven by demand for pork. In a trading update for the six months to the end of September, the company said sales growth was supported by the "attractiveness, versatility and low relative price" of B
Read moreCranswick on track despite margin squeeze
29th Jul 2013 09:26
Food producer Cranswick said the year had started in line with expectations despite higher pig prices and the cost of its new pastry factory. It said operating margins in the first quarter were below those achieved in the last financial year. But total sales were up 12% in three months to June 30
Read moreHighland Gold Chairman spends big after recent share-price weakness
11th Jul 2013 16:27
The Non-Executive Chairman of Russia-focused resources group Highland Gold Mining invested over one million pounds in the firm one day after the stock reached a 52-week low. As has been the case with the wider mining sector, the share price has suffered since the start of the year as commodity pric
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read moreLondon midday: Footsie flat as miners dampen earlier gains
20th May 2013 11:26
The FTSE 100 had erased its early-morning gains by Monday lunchtime, as strong performances by easyJet and RBS were offset by heavy falls in the mining sector. "A dearth of economic data in Europe this morning is mirrored across the Pond, giving traders the opportunity to pause and assess ahead of
Read moreLondon open: Markets open higher as surge continues
20th May 2013 08:40
London's benchmark index was trading at levels not seen in over a decade on Monday morning, boosted by record closing prices in the States on Friday on the back of an improved outlook for the global economy. The FTSE 100 surpassed its 2007 high of 6,732 in intraday trade this morning as it continue
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreLondon pre-open: FTSE set to race past 2007 highs after strong finish in US
20th May 2013 07:25
City sources predict the FTSE 100 will open up 19 points from Friday's close of 6,723, which would see it jump past 2007 highs of 6,732 after the US Dow Jones and S&P 500 benchmarks reached fresh record closing prices at the end of last week. Driving Friday's gains was better-than-expected data, in
Read moreFatter profits at Cranswick as pork demand grows
20th May 2013 07:07
Bacon and sausage supplier Cranswick reported a robust set of annual results, as pork consumption in the UK continues to grow, and said it is well placed for future growth. Adjusted pre-tax profit rose 8% to £49.3m for the year ended March 31st 2013 while reported revenues for the year climbed 7% t
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